Chemicals and Materials Electrical Steel Market new

The report "Electrical Steel Market by Type (Grain-oriented and Non Grain-oriented),
Application (Transformers, Motors, Inductors), End-Use Industry (Energy,
Automobile, Manufacturing, Household Appliances), and Region - Global Forecast to
2021", published by MarketsandMarkets™, the market size is estimated to grow from USD
27.84 Billion in 2016 to USD 38.98 Billion by 2021, at a compound annual growth rate
(CAGR) of 7.0% from 2016 to 2021.
Browse 198 market data Tables and 42 Figures spread through 196 Pages and in-
depth TOC on"Electrical Steel Market"
https://www.marketsandmarkets.com/Market-Reports/electrical-steel-market-
96179524.html
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The grain-oriented segment held a considerably larger market share in the electrical
steel market
The grain-oriented segment is estimated to dominate the type segment of Electrical Steel
Market as it helps in reducing the weight of the machine and improving the efficiency of
machines. It is mainly used in transformers. Owing to the rapid growth in the power
industry, globally, the demand for transformers is expected to increase which will
eventually drive the grain-oriented steel market. The non-grain-oriented segment is
projected to be the faster-growing segment during the forecast period. Owing to increase in
the production of automobiles where non-grain oriented electrical steel is used as a core
material in motor parts to improve the comfort, power performance, and fuel economy of
automobiles which is expected to increase demand for non-grain-oriented electrical steel
products.
The transformers segment held the largest market share in
the Electrical Steel Market